dental laboratory Market Size to grow by USD11.05 billion between 2023-2027

Technavio, a leading provider of market research reports, has released its latest study on dental laboratory Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

• Market Research Overview: The dental laboratory products market is a segment of the expansive global life science tools and services market, according to Technavio's market research. This comprehensive market encompasses companies and products involved in the research and development (R&D) of various product categories, such as capital equipment, instruments, accessories, and consumables. These tools are utilized in the pharmaceutical and biotechnology industries for R&D purposes, as well as in laboratory diagnosis of diverse diseases. Additionally, the market includes life sciences-related services, including contract research, contract manufacturing, and contract sales. The global healthcare market size, as calculated by Technavio, represents the consolidated revenue generated by manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services. - The dental laboratory Market is experiencing significant growth, fueled by the Increasing prevalence of dental diseases and related risk factors. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Increasing prevalence of dental diseases and related risk factors
  • Increase in number of dental laboratories globally
  • High cost of dental equipment
  • Regulatory concerns associated with manufacturing of dental equipment
• Growth Projections

The market size is estimated to grow by USD11.05 billion, at a CAGR of 5.72% during the forecast period. The global dental laboratory market is experiencing significant advancements, enabling vendors to broaden their product offerings, enhance market penetration, and adopt innovative technologies. Notable developments in the dental equipment sector include Ultradent Products' introduction of an elite accessory line for VALO Grand curing lights in March 2022, featuring six new lenses to expand clinicians' options for optimal dental care. In February 2021, Dentsply Sirona launched the CEREC SW 5.1.3 update, incorporating 17 newly validated materials for the CEREC Primemill, expanding its application in surgical guides, bridge blocks, and ground processes.

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• Regional Insights

The North American dental laboratory market is projected to lead the global industry during the forecast period, driven by factors such as the region's easy access to technologically advanced dental products and a high consumer awareness of cosmetic dental procedures. According to the American Dental Association's 2020 report, over 5 million US seniors aged 65 to 74 have total tooth loss, with nearly 3 million being edentulous. Additionally, the establishment of numerous dental labs in the US, currently numbering over 9000, contributes significantly to the region's market growth. This trend is expected to continue, fueled by the increasing demand for quick and efficient dental solutions.

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